English Edition

China Industry Group Says Wind Tower Tariffs May Hurt U.S. Industry

Πεμ, 31 Μαΐου 2012 - 14:32

A Chinese industry group said Thursday that a U.S. decision to impose tariffs on Chinese wind-turbine towers will have a "negative effect" on related U.S. industries and is an attempt to conceal that U.S. tower manufacturers aren't competitive.

Bulgarian Energy Holding Awards 4.3 Mln Euro Advisory Contract on ESO Split-up from NEK

Πεμ, 31 Μαΐου 2012 - 12:14

State-owned Bulgarian Energy Holding (BEH) has signed a 4.3 million euro ($5.4 million) contract with an international consortium to advise the split-up of the country's Electricity System Operator (ESO) from power grid operator NEK, the energy ministry's press office said.

Bulgaria To Apply for 45 Mln Euro for Energy Efficiency Projects from KIDSF Fund

Πεμ, 31 Μαΐου 2012 - 12:13

Bulgaria will apply for about 45 million euro ($56 million) in financing for energy efficiency projects from the Kozloduy International Decommissioning Support Fund (KIDSF), the CEO of nuclear power plant Kozloduy said.

Computer Virus Briefly Hits Iran’s Oil Industry

Πεμ, 31 Μαΐου 2012 - 10:58

Iran’s key oil industry was briefly affected by the powerful computer virus known as "Flame" that has unprecedented data-snatching capabilities and can eavesdrop on computer users, a senior Iranian military official said Wednesday, APA reports quoting .

Libya State Seizes Turkish Assets in the Country

Πεμ, 31 Μαΐου 2012 - 10:54

Libyan authorities have seized the assets of 338 names, including Turkish companies and individuals, and frozen all transactions, daily Hürriyet reported.

China Finance Ministry: To Increase Support For New Energy Cars

Τρι, 29 Μαΐου 2012 - 14:05

China will launch a series of incentives to support the development of electric and hybrid cars, including an annual subsidy of CNY1 billion-CNY2 billion, the Ministry of Finance said Tuesday.

Kashagan First Phase Will Cost $48B Up 20% On Initial Estimate

Τρι, 29 Μαΐου 2012 - 14:05

The first phase of the development of the Kashagan oil field in the Caspian Sea offshore Kazakhstan is expected to now cost $48 billion--20% more than originally estimated, due to inflation and unfavorable foreign exchange rates as well as the technical complexity of the whole project, French business daily Les Echos reports Tuesday, citing unspecified sources.

Greece's PPC Reports 1Q Net Loss As High Fuel Costs Weigh

Τρι, 29 Μαΐου 2012 - 11:44

Greek state-controlled utility Public Power Corp. SA (PPC.AT) Tuesday reported a EUR1.4 million net loss in first quarter, due to higher fuel and energy purchase costs.

Greece's DEPA: Southeast Med Gas Challenges Shah Deniz

Τρι, 29 Μαΐου 2012 - 10:41

Cyprus and Israel should move fast to be the first to secure the lucrative southeast Europe gas market, the head of Public Gas Corporation of Greece DEPA told New Europe on 28 May.

National Renewable Energy Action Plan Launched in Tirana, Albania

Τρι, 29 Μαΐου 2012 - 10:40

A roundtable discussion was organized in Tirana to launch the draft national renewable energy action plan for Albania and to discuss the legal framework for the promotion of solar water heating. The event organized by the Ministry of Economy, Trade and Energy (METE) and UNDP Climate Change Programme brought together energy and environmental experts, representatives from several line ministries and local government authorities, donors, representatives of international organizations, and civil society organizations.

ITAR-TASS: Nabucco Project to Be Dropped by June

Τρι, 29 Μαΐου 2012 - 10:39

The EU-backed Nabucco natural gas pipeline project may be dropped for good by late June, according tothe ITAR-TASS News Agency, which has cited London business circles.

Iran May Rethink 20% Enrichment: Foreign Ministry Spokesman

Δευ, 28 Μαΐου 2012 - 17:46

Iran may accept to negotiate its ongoing enrichment of uranium to higher levels if the West recognizes it has the "right" to do so for peaceful purposes, its foreign ministry spokesman said on Sunday.

Crude Up 1% As Hopes Rise On Greece Opinion Polls

Δευ, 28 Μαΐου 2012 - 17:46

The Spanish government is looking to raise between EUR20 billion and EUR30 billion from an ambitious plan of privatizations, which is expected to be approved before the summer, Spanish news agency Europa Press reported Sunday, citing sources at the Finance Ministry.

Saudi Aramco Says Crude Reserves Slipped, Output Rose In 2011

Δευ, 28 Μαΐου 2012 - 17:45

State-owned Saudi Arabian Oil Co., or Aramco, said Monday its recoverable and proven crude oil and condensate reserves slipped slightly to 259.7 billion barrels in 2011 from 260.1 billion barrels a year earlier, but its total output of crude oil and gas increased during the period.

OPEC Spare Capacity in the First Quarter of 2012 at Lowest Level since 2008

Δευ, 28 Μαΐου 2012 - 16:25

The U.S. Energy Information Administration (EIA) estimates that global spare crude oil production capacity averaged about 2.4 million barrels per day (bbl/d) during the first quarter of 2012, down about 1.3 million bbl/d from the same period in 2011 (see chart above).

Bulgaria Still Confident in the Nabucco Gas Pipeline Project

Δευ, 28 Μαΐου 2012 - 14:13

Bulgaria's representative in Nabucco Gas Pipeline International is working hard to dispel claims that the EU-backed energy diversification project is unfeasible.